HC Wainwright Equities Analysts Cut Earnings Estimates for Ur-Energy Inc. (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE - Analysts at HC Wainwright cut their FY2024 earnings per share (EPS) estimates for Ur-Energy in a note issued to investors on Thursday, April 25th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.00 per share for the year, down from their prior forecast of $0.01. HC Wainwright has a "Buy" rating and a $3.40 price objective on the stock. The consensus estimate for Ur-Energy's current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Ur-Energy's FY2025 earnings at $0.08 EPS.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $5.44 million during the quarter, compared to analyst estimates of $5.10 million. Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%.

Several other research analysts have also recently weighed in on the stock. B. Riley began coverage on shares of Ur-Energy in a report on Friday, February 2nd. They issued a "buy" rating and a $3.00 price target on the stock. Roth Mkm lowered their target price on shares of Ur-Energy from $2.40 to $2.20 and set a "buy" rating on the stock in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2.87.

Ur-Energy Stock Up 3.7 %

URG stock traded up $0.06 during trading on Friday, reaching $1.69. 1,886,026 shares of the stock were exchanged, compared to its average volume of 3,169,967. Ur-Energy has a twelve month low of $0.84 and a twelve month high of $2.01. The company has a market cap of $475.95 million, a PE ratio of -14.08 and a beta of 1.11.

Hedge Funds Weigh In On Ur-Energy

A number of hedge funds have recently bought and sold shares of URG. Azarias Capital Management L.P. raised its stake in Ur-Energy by 3.1% during the third quarter. Azarias Capital Management L.P. now owns 12,732,813 shares of the basic materials company's stock worth $19,609,000 after buying an additional 385,655 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ur-Energy by 26.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company's stock valued at $21,951,000 after acquiring an additional 2,956,468 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of Ur-Energy in the 3rd quarter worth $504,000. Van ECK Associates Corp raised its holdings in shares of Ur-Energy by 28.2% in the third quarter. Van ECK Associates Corp now owns 876,832 shares of the basic materials company's stock valued at $1,350,000 after purchasing an additional 192,947 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Ur-Energy by 707,496.3% during the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company's stock worth $863,000 after purchasing an additional 565,997 shares during the last quarter. Institutional investors own 57.51% of the company's stock.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.